Trade agreements between Supplier and Buyer on blockchain platform completed
Smart payments automatically triggered by pre-defined events on the IBM Blockchain Platform
Full transparency among all involved parties, helping to avoid errors
Batavia, the blockchain-based global trade finance platform that has been jointly developed by a consortium consisting of Bank of Montreal (BMO), CaixaBank, Commerzbank, Erste Group, IBM and UBS has successfully completed its first live pilot transactions with corporate clients.
Initial transactions included the trading of:
Cars from Germany to Spain
Textile raw materials for furniture production from Austria to Spain
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